BRUCE A. RICH JOINS CARTER LEDYARD & MILBURN LLP

NEW YORK, December 1, 2008 – Carter Ledyard & Milburn LLP is pleased to announce that Bruce A. Rich has joined the firm as Counsel effective today.  Mr. Rich will continue his practice in corporate finance and other capital generation projects in the firm’s Corporate Department and will work from the New York office, located on Wall Street. He was previously of counsel at Thelen LLP.

“We are pleased to welcome Bruce to our firm,” said Carter Ledyard’s managing partner Judith A. Lockhart.  “Bruce’s arrival, together with Morris Simkin recently joining us, presents particularly exciting opportunities to strengthen and expand our SEC and securities regulatory capabilities to our clients.”

Mr. Rich’s practice focuses on assisting corporations, partnerships and joint ventures engaged in private or public debt or equity financing; in acquisitions and dispositions of businesses; and broker-dealers in corporate finance transactions.  He also advises 1934 Exchange Act issuers on various SEC reporting and compliance obligations and helps clients structure private investment limited partnership and offshore funds.

Mr. Rich was the principal draftsman of the Revised Limited Partnership Act in New York, which became effective in July 1991. He also participated in drafting the New York Limited Liability Company Law. Mr. Rich serves as the editor of McKinney Commentaries on New York partnership and limited liability company law, and has written numerous articles and lectured on these laws.

Early in his career, Mr. Rich was an attorney at the SEC, serving in the Division of Enforcement and at the Division of Corporation Finance as the Branch Chief for Small Issues. He had been with the Thelen firm and its predecessors for almost 40 years.

Mr. Rich is an active member of the New York State Bar Association, serving on the Executive Committee of the Business Law Section and its Corporations Law Committee.

Mr. Rich earned an A.B. from Cornell University in 1960 and an LL.B. from the New York University in 1965.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 104 attorneys and has been headquartered on Wall Street since its founding and has additional offices in midtown Manhattan and Washington, DC. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, trusts and estates, maritime, ERISA, exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.